Create a Liquidity Pool
To create a liquidity pool on Riverex, an asset holder must connect a MetaMask account to the Riverex platform.
Step 1: Visit the liquidity pool page and choose a blockchain network from the dropdown list that supports your tokens. Then, connect your MetaMask account.
Step 2: Click the Create Pool button.
Step 3: Select the token you want to add liquidity pair from the Select Token dropdown.
Step 4: Here, we will use UNS/NEP pair as an example. While selecting, the tokens will automatically show the balance in your wallet.
From the input selection, enter the number of tokens for both assets you want to add.
Note: Users can allocate any ratio of tokens to add.
Step 5: Set the Liquidity Provider Fee (LPF).
*LPF – the fee earned by the liquidity pool that is then allocated between all LPs
*Riverex’s default LPF is set at 0.25%, which the user can modify
*Riverex’s default Platform Fee is set at 0.05%
Step 6: Set the Token spend allowance (either ‘Exact amount’ or ‘Max’). Then, click Create Pool.
Note: Token spend allowance – the value of tokens a user can allow or permits a third-party app (MetaMask) to execute a transaction with a certain amount of tokens.
Step 7: Review the transaction details on the MetaMask pop-up window and click Confirm to complete the transaction.
Note: You may need to authorize the token spend allowance if it’s not already approved.
The estimated gas fee is displayed in MetaMask based on the blockchain network.
Step 8: A pop-up notification will show on the lower right page after completing the transaction; you will be redirected to the pool’s page.
The newly created liquidity pool will flicker while retrieving the data being recorded.
Step 9: Click on the ‘Refresh’ icon to update the pool; it may take approximately two minutes for the tokens to be recorded on the pool.
You have now successfully created a liquidity pool on the Riverex platform.
If you require further assistance creating a liquidity pool, contact our customer support team to guide you accordingly.